The Bahamas International Securities Exchange (BISX) traded more than $41 million in shares last year, with its summary report for the 12-month period ending December 31, 2018, revealing that the BISX All-Share Index closed at a slight increase at 2,109.45.
The results represent a year-to-date growth of 45.88 or 2.22 per cent compared to the previous year, when trading volume for the twelve-month period January 1, 2017, to December 29, 2017, was higher, with 5,128,595 shares traded for a value of $44,596,767.
“Trading volume for the twelve-month period January 2, 2018, to December 31, 2018, was 8,519,711 shares for a value of $ 41,832,862.36,” a statement from BISX outlined.
Surprising enough, while BISX traded more shares daily in 2018, the value of those shares were less than the same period in 2017 when daily trading volume was lower but at a higher value.
“For the twelve-month period ending December 31, 2018, the average daily trading volume was 34,150 shares which resulted in an average daily trading value of $167,596.14,” BISX revealed. “By comparison for the twelvemonth period December 29, 2017, the average daily trading volume was 20,399 shares for an average value of $178,989.46.”
The top share volume leaders for 2018 were Commonwealth Bank at 37.6 per cent of total volume, AML Foods Ltd. at 28.6 per cent, FOCOL Holdings Ltd. at seven per cent, Cable Bahamas at 6.6 per cent and Doctors Hospital at 5.1 per cent. Trade value leaders for 2018 were Commonwealth Bank Limited with more than $13 million in share value traded.
“Trading volume for the three-month period October 1 to December 31, 2018, was 1,308,443 shares for a value of $ 6,352,247.50,” it read. “By comparison, for the three-month period from October 1 to December 29, 2017, was 1,714,335 shares for a value of $8,151,746.”
